It has been a while since I posted folks… and I am sorry for that. Personal commitments, family, blah, blah, blah.
If you are like me you are really FEELING this gas and food nightmare we are knee deep into! The news reported that at $130 a barrel for oil the relative price for gasoline is $4.50 per gallon. As many of you know the price quoted on oil is for future contracts so there is a little bit of lag time before the price of gas increases based on the price of oil.
So in California, which has the highest gas taxes thanks to our legislature, a national average of $4.50 for gas translates into $4.75 to $5.00 a gallon. Now, since we haven’t gotten to “summer” driving levels, gas prices are on the low end. From winter to summer, at least in my area, gas prices increase from 75% to 100%. That puts this summers gas numbers at somewhere between $7.88 and $9.00 per gallon. Holy $hit!!!
When are people going to show up outside congress’ door with pitch forks and torches. You do know that it was Congress who approved the merger of the four major gas companies in the country into two right?
Our leadership is so screwed up it is ridiculous. Did you know that there are SEPARATE inflation figures for basing the legislatures salary increases on? Yeah, one figure for you and I and one figure for them. Guess which one accurately reflects the inflation in the US? I would bet it ain’t the 2-3% they have been talking about for the last 10 years!!!
Baton the hatches kids, this is going to get ugly before it gets better!